Search Results for: Ukraine
Dollar Gauge 0.1% From Five-Year High After Fed as Won Slides
December 18th, 2014
A gauge of the dollar was 0.1 percent from a five-year high amid speculation the Federal Reserve will raise interest rates next year after removing a pledge to keep them low for a “considerable time.” The U.S. currency matched ...
Russian Finance Ministry Starts Selling Foreign Currency in Bid to Strengthen Ruble
December 17th, 2014
The Russian ruble strengthened sharply on Wednesday in volatile trade after the Finance Ministry said it had started selling foreign currency from its leftover stock. The Russian currency has come under heavy selling pressure this week, forcing the Central ...
Warning issued by CONSOB for not authorised firms offering investment services
December 10th, 2014
The supervisory authority of Italy CONSOB has issued a report warning for the following companies offering investment services without the required authorisation. the company Up & Down Marketing Ltd is not authorised to provide investment services and business in ...
Russia Economic Pain Spreads as UBS Cuts Seven Stocks
December 9th, 2014
Russia’s worsening economic crisis is spreading through its corporate bond and stock markets as a tumbling ruble and plunging growth erode confidence in companies recently seen as able to withstand the turmoil. UBS AG cut stock ratings for seven ...
ECB Weighs Further Action As Economic Picture Darkens
December 4th, 2014
The European Central Bank will spell out the scale of economic malaise facing the euro zone after it meets on Thursday under growing pressure to take dramatic action to prevent the bloc going into reverse. With recovery stalled across much of ...
The Russian Central Bank Is Intervening Again To Halt A Rouble Collapse
December 4th, 2014
Traders are claiming that the Central Bank of Russia has stepped back into currency markets to halt the rouble’s slide as it continued to fall in early trading on Wednesday. Here’s the evidence — the rouble sudden reversed its ...
U.S. Shares Rise With Dollar as Oil Surges Amid Data
December 3rd, 2014
U.S. stocks rose toward records, as energy shares rallied with the price of crude and investors weighed data on hiring and the services sector. European equities climbed and the dollar gained on speculation the region’s central bank will add ...
Russia warns of recession in 2015
December 2nd, 2014
The Russian government has warned the economy will fall into recession next year as Western sanctions, in response to its role in eastern Ukraine, and falling oil prices begin to bite. Russia’s economic development ministry estimates the economy will ...
Investor puts Italy’s losses from Russia-EU sanctions at over €20 billion
November 27th, 2014
The mutual sanctions between Russia and the European Union this year will cost Italy around €20-22 billion, which is higher than official estimates, an Italian investor said on Thursday. “We speak of around €20-22 billion in net loss this ...
Europe feels sting in the tail of Russia sanctions
November 26th, 2014
At a technology fair in Moscow last month, European executives faced the new reality of doing business in Russia since the West imposed sanctions: the number of companies at the international showcase had shrunk by half from a year ago. “The ...
